Unemployment is measured as
A. all teens and adults in the civilian labor force who are not working.
B. all adults in the civilian labor force who are not working.
C. all adults in the civilian labor force, regardless of whether or not they have been engaged in actively seeking employment, who do not have the job they want.
D. all adults in the civilian labor force who are willing and able to work and who are actively looking for work, but have not found a job.
Answer: D
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During the Great Depression, real GDP decreased, unemployment soared, and the inflation rate was negative. Which would have been the appropriate federal government policy combination to improve economic performance?
A) increase government expenditure, decrease taxes, increase the quantity of money B) increase government expenditure, decrease taxes, decrease the quantity of money C) decrease government expenditure, increase taxes, decrease the quantity of money D) do not change government expenditures or taxes , increase the quantity of money E) decrease government expenditures, increase taxes, do not change the quantity of money
If output is increased in the long-run, average production costs in the presence of internal diseconomies of scale will ________, and in the presence of external diseconomies of scale, will ________
A) decrease; decrease B) increase; remain constant C) remain constant; increase D) decrease; remain constant E) increase; decrease
The basic disadvantage of a proprietorship is unlimited liability.
Answer the following statement true (T) or false (F)
Clipper ships
a. allowed for profitable shipping on both short and long journeys. b. dominated Atlantic trade by 1850. c. were among the first ships to have iron hulls. d. earned huge profits transporting passengers and cargo during the gold rushes to California and Australia. e. All of the above.